Wealthfront Advisers LLC Buys Shares of 24,534 CoStar Group, Inc. $CSGP

Wealthfront Advisers LLC acquired a new position in CoStar Group, Inc. (NASDAQ:CSGP) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 24,534 shares of the technology company’s stock, valued at approximately $695,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CSGP. BlackRock Inc. bought a new position in shares of CoStar Group during the 2nd quarter worth about $957,612,000. Bamco Inc. NY raised its position in CoStar Group by 1.3% in the fourth quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company’s stock worth $1,311,052,000 after purchasing an additional 242,533 shares in the last quarter. State Street Corp lifted its position in shares of CoStar Group by 1.9% during the 4th quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock worth $1,252,839,000 after buying an additional 348,224 shares during the period. Principal Financial Group Inc. raised its stake in CoStar Group by 0.7% during the first quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock worth $713,866,000 after acquiring an additional 130,118 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after acquiring an additional 4,053,456 shares during the period. Institutional investors own 96.60% of the company’s stock.

Insider Buying and Selling

In other CoStar Group news, CEO Andrew C. Florance purchased 83,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the purchase, the chief executive officer directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This represents a 4.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the transaction, the chief accounting officer owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.18% of the company’s stock.

CoStar Group Price Performance

Shares of CSGP stock opened at $32.26 on Friday. The stock has a 50-day moving average price of $29.96 and a 200 day moving average price of $36.71. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 169.80, a PEG ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $91.89.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. During the same period in the prior year, the company posted $0.17 EPS. The company’s revenue was up 18.4% compared to the same quarter last year. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Research analysts expect that CoStar Group, Inc. will post 1.06 EPS for the current year.

Analyst Ratings Changes

CSGP has been the subject of a number of recent analyst reports. Citizens Jmp dropped their target price on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price target on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Wolfe Research reaffirmed an “outperform” rating and set a $32.00 price objective (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a report on Thursday, April 30th. Finally, Stephens cut their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.61.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.